Shape Australia hits record high on Arden Group buyout

SHAPE Australia

12/11/2025 02:27

** Shape Australia SHA.AX rises as much as 6.7% to a record high of A$6.23

** Stock marks biggest intraday pct gain since September 15

** Construction services firm announces acquisition of business, assets of national retail fitout and facilities maintenance co Arden Group for upfront payment of A$25 mln ($16.3 mln)

** Nearly 315,212 shares traded, 2.8x the 30-day average

** SHA surges 110.8% YTD

($1 = A$1.5389)

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com;))